Roth Ira Contribution 2024 Maximum Age. In 2024, the roth ira contribution limit is $7,000,. If you have a traditional ira, a roth ira―or both―the maximum combined amount you may contribute annually.
For 2024, single filers must have a modified adjusted gross income (magi) of less than $146,000, and joint filers less than $230,000, to make a full contribution. If an individual under age 50 deposits $3,000 in one roth ira during the tax year 2024, then that individual can only contribute $4,000 to another ira in that tax year, making the total.